Just to share something with someone who is investing in the housing market. 7 [$ v& `7 X( D; \2 [9 n: t& IBought another condo and rent it with $1300/month. Condo fee! m6 c6 c$ C- i% f2 {4 s, d; V
and loan interest (3 years prime-0.85) total $1100/month. Not too bad.6 b* t4 h l, @ z( ~3 @# O
Also bought a new luxury apartment in China last month with $150,000.( C" E: t. u8 D2 ]
That unit worths $160,000 this month./ J# b$ ^3 l9 i9 g3 u& |# }) x8 i& q
Don't talk too much, just do it.
I don't want to invest in China either. But $1= 7.75 RMB is hard to resist.+ R# \) f9 E. Y9 ]8 y% a8 {
I am not regreted so far even though I cannot catch the $1= 8.10 RMB prime.) I; D6 U \6 @' N# Y
Well, it is still the highest ever for my currency exchange history.